The forecasted retained earnings balance is equal to (current retained earnings/current sales) times

projected sales for next year.

Indicate whether the statement is true or false

FALSE

Business

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When a tenant subleases an apartment to a sublesee and the sublesee does not pay rent:

a. the sublessee is the only person liable for payment of the rent to the property owner b. the original lessee remains liable to the property owner c. the lessor is due rent and damages from the sublesee d. the property owner would be required to evict the sublesee, but not the sublessor

Business

Advertising media costs and availability differ vastly from country to country

Indicate whether the statement is true or false

Business